Jul 3, 2024
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Beckers and Baumann Appointed Coordination Commission Chairs For Paris 2024 and LA 2028
Beckers and Baumann Appointed Coordination Commission Chairs For @Paris2024 and @LA2028
Pierre-Olivier Beckers-Vieujant of Belgium on Monday was appointed by the International Olympic Committee (IOC) as Chair of the Paris 2024 Coordination Commission. At the same time Patrick Baumann of Switzerland was named Chair of the Los Angeles 2028 Coordination Commission.
IOC 2024/2028 Evaluation Commission Chair Patrick Baumann speaks in Los Angeles. He will Chair the LA 2028 Coordination…
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IOC Declares Victory After A Nearly Disastrous Olympic Bid Race
#IOC Declares Victory After A Nearly Disastrous Olympic Bid Race #Paris2024 #LA2028
Reporting from Lima Convention Center in Peru – Congratulations are abound in Lima Wednesday after the International Olympic Committee (IOC) has awarded two Olympic Games simultaneously for the first time in history with Paris taking the torch in 2024 and passing it to Los Angeles in 2028.
Paris 2024 and LA 2028 leadership celebrate with IOC President Thomas Bach (centre) after ratification of…
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Los Angeles 2028 Olympic Games Has 83% Support From Angelenos
.@LA2028 Olympic Games Has 83% Support From Angelenos #LA2028
A July poll taken by Loyola Marymount University (LMU) revealed that 83 per cent of Angelenos support a Los Angeles 2028 Olympic and Paralympic Games. Until Monday, LA had been bidding for the 2024 edition of the Games against Paris but the city struck a deal with the International Olympic Committee (IOC) to instead accept the 2028 Games along with certain financial concessions.
Runners at the…
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LA 2028 and what it means
So Los Angeles is getting the Olympics in 2028.
Ho boy.
The Olympic Games are organized by the International Olympic Committee (IOC), who are an organization notorious for grift and corruption. For example, for Oslo's bid in 2022, IOC officials would have had to have their own private highway lanes that nobody else could drive on. Seriously. It was a thing the IOC required of them.
Past Olympic Games have had to build fucktons of new venues and go into massive amounts of debt, which the host city is liable for. And most of the time, these venues end up sitting abandoned after the games.
Examples include:
Montreal (1976)
Lake Placid (Winter 1980)
Moscow (Summer 1980)
Nagano (1998)
Sydney (2000)
Athens (2004)
Turin (2006)
Beijing (2008)
London (2012)
Sochi (2014)
Rio de Janeiro (2016)
probably Tokyo (2020) as well
As a result, the IOC bidding process really tends to favor dictatorships that can promise the moon, the stars, and plenty of kickbacks to the IOC.
Now LA has hosted the Olympics twice before in 1932 and 1984. And both of those times it was legitimately successful and made money. So a lot of people here think that lighting can strike thrice. But we'll see.
LA's plan for 2028 is pretty much the same as their 1984 plan, spare every expense and build nothing. The big selling point for the LA Olympics was that all the permanent venues already exist and so the organizers wouldn't have to spend a shitload of money on new stadiums that would only be used for the games and then sit abandoned. The public transportation for it is all stuff that's already under construction like the purple line extension along Wilshire Blvd to UCLA. Since that's already under construction and not actually funded by the Olympic bid, it's not actually included in the budget.
With 1984, the terrorist attacks at the 1972 games in Munich, the 1976 games causing Montreal to go into huge amounts of debt for a stadium that wasn't even finished in time for the games, and the United States announcement that they would be boycotting the Moscow games in 1980, meant that nobody wanted to touch the Olympics. So for 1984 the IOC had the choice between "have the Olympics in Los Angeles," and "Not have the Olympics at all." So Los Angeles had the IOC over a barrel and got a shitload of concessions from them, like the IOC being responsible for all cost overruns.
Unfortunately, LA doesn't have that same amount of leverage this time.
The budget for the games in 2028 is $5.6 billion, which is supposed to come from private investment. Within that budget is $560 million as contingency funding. If that contingency money is used up, there's private insurance that the organizing committee is buying. We don't know how much they're willing to pay out, but the premium is $150 million so let's go with that.
If the costs go above that, the city of Los Angeles is responsible for the first $250 million of cost overruns, with the state of California responsible for the next $250 million after that.
After that, the City of Los Angeles is on the hook again.
As a point of comparison, Tokyo was originally planning on spending around $8 billion, and now it's looking to be at least double that amount.
Los Angeles Olympic Bid Celebrates "Big Win" With 2028 Legacies That Start Now
Los Angeles Olympic Bid Celebrates "Big Win" With 2028 Legacies That Start Now #LA2028 #LA2024
The International Olympic Committee (IOC) President was not on hand to tear open an envelope that declares Los Angeles the host city for the 2028 Olympic Games, but the LA 2024 Olympic bid leadership still celebrated at the StubHub Center as the Mayor announced that the Games will be returning to the city for the third time eleven years from now.
LA Mayor Eric Garcetti announces deal that brings…
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Los Angeles Could Receive Up To $2 Billion Contribution From IOC To Host 2028 Olympic Games
LA Could Receive Up To $2 Billion Contribution From IOC To Host #LA2028 Olympic Games
Los Angeles could receive at least (USD)$1.8 billion funding from the International Olympic Committee (IOC) to host the 2028 Olympic and Paralympic Games, a newly drawn host city contract reveals. That number could exceed $2 billion when considering existing sponsorship agreements and marketing deals.
LA 2024 has proposed an unprecedented two-stadium Opening Ceremony concept leveraging iconic LA…
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Paris To Host 2024 Olympic Games, LA To Accept 2028 In Announcement Expected Monday
#Paris2024 To Host 2024 Olympic Games, #LA2028 To Accept 2028 In Announcement To Be Made Monday
In an announcement planned for 5:00pm local time in Los Angeles, Mayor Eric Garcetti is expected to confirm that LA has reached an agreement with the International Olympic Committee (IOC) to host the 2028 Olympic and Paralympic Games, leaving rival Paris to stage the earlier edition in 2024.
The Los Angeles Timesreported early Monday that a deal has been reached that will lead to a tripartite…
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